The Hardest Part Of Filing Bankruptcy

28 Dec The Hardest Part Of Filing Bankruptcy

Bankruptcy can be a difficult and complicated process. Just picking the right chapter: 7, 13 or 11; requires an extensive knowledge of bankruptcy laws and practices. Preparation and filing of the necessary forms and schedules is an onerous task and, once filed, dealing with creditors and the bankruptcy trustee can also be challenging. Knowing what debts are dischargeable and which assets can be protected adds to the complication.

But the hardest part of filing for bankruptcy for most people is the first step: acknowledging that their debts and obligation exceed their income and that something must be done. But where do you start?

Once you realize that you need some help in resolving your debts or saving your home, there are several things you can do. You can start by finding and reading reliable information on the internet or at the local library, or by simply talking to friends or neighbors who have had similar problems.

But, the best thing to do is to see a competent bankruptcy attorney. Most attorneys, and certainly all of the good consumer bankruptcy lawyers, are compassionate and understanding people. They won’t judge you or intimidate you, but will be able to answer your questions, lay out a path to resolution of your debt situation and give you some immediate relief.

So how do you find a competent consumer bankruptcy attorney? You just did! Check our map, and look for an attorney in your area. If there isn’t one listed, e-mail a Bankruptcy Law Network attorney close by and we’ll help you find someone. Or try the attorney locator at the NACBA (National Association of Consumer Bankruptcy Attorneys) site.

Douglas Jacobs is a California bankruptcy attorney and partner in the Chico law firm of Jacobs, Anderson, Potter & Chaplin. Since 1988, Mr. Jacobs has taught Constitutional law and Debtor-Creditor/Bankruptcy law at the Cal Northern School of Law. He has served as Dean of Students since 1994. He is a frequent lecturer on the subject of consumer bankruptcy law, and has spoken at both state and national levels.